Tel: 01299 660 237

Accountants. Advisors. Partners.
Call us now on: 01299 660 237

Loan Repayment Calculator

Looking to take out a business loan and want to know how much your monthly payments will be? Using our Loan Repayment Calculator you can estimate an impact of the business loan on your business.

if ((empty($_POST[‘loan’])) && (empty($_POST[‘years’])) && (empty($_POST[‘interest’]))) {
echo “Please fill in Loan Amount, Number of Years and Yearly Interest Rate”;

if ((!empty($_POST[‘loan’])) && (!empty($_POST[‘years’])) && (!empty($_POST[‘interest’]))) {
$loan = htmlentities($_POST[‘loan’]);
$years = htmlentities($_POST[‘years’]);
$interest = htmlentities($_POST[‘interest’]);

$months = $years*12;
$newinterest = $interest / 100 / 12;
$newinterestrate = $newinterest + 1;

$calculation2 = pow($newinterestrate,-$months);

$calculation3 = 1 – $calculation2;

$caluculation4 = $newinterest / $calculation3;

$finalcalculation = $caluculation4 * $loan;

$totalinterest = ($finalcalculation * $months) – $loan;
$totalpaid = $finalcalculation * $months;

Loan Ammount:

Number of Years:

Interest Rate:

Monthly Payments:

Total Interest:

Total Amount Payable:
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